Amana Takaful Life Limited (ATLL) has announced the appointment of Gehan Rajapakse, a respected insurance professional with over two decades of experience in the industry, as its new CEO – to provide leadership to the company as it seeks to further consolidate its position following its recent successful Initial Public Offering (IPO).

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"The Net Asset value of the Protected Multiple Fund has declined from Rs. 14.99 to Rs. 12.58 due to a write down of investments whose recoverability is deemed uncertain. Policyholders as at 24th January 2018 will be affected by the above write off, until the investments are recovered. However, new policyholders joining the said fund after the 24th January 2018 will not be impacted. "